§4. Liability of principal for act of agent

For the purpose of this chapter the act, omission, or failure of any official, agent, or other person acting for any individual, association, partnership, corporation, or trust within the scope of his employment or office shall be deemed the act, omission, or failure of such individual, association, partnership, corporation, or trust, as well as of such official, agent, or other person.

(Sept. 21, 1922, ch. 369, §2(a)(1)(A)(iii), formerly §2(a), 42 Stat. 998 ; renumbered §2(a)(1), Pub. L. 93–463, title I, §101(a)(1), Oct. 23, 1974, 88 Stat. 1389 ; renumbered §2(a)(1)(A), Pub. L. 97–444, title I, §101(a)(1), Jan. 11, 1983, 96 Stat. 2294 ; renumbered §2(a)(1)(A)(iii), Pub. L. 102–546, title IV, §404(b)(6), Oct. 28, 1992, 106 Stat. 3628 .)

Codification

Section is comprised of part of subsec. (a)(1)(A)(iii) of section 2 of the Commodity Exchange Act, act Sept. 21, 1922. Subsec. (a)(1)(A)(i), (ii) is classified to section 2 of this title. Subsec. (a)(1)(B) is classified to section 2a of this title. Subsecs. (a)(2) to (11) of section 2 of the Commodity Exchange Act are classified to section 4a of this title. Subsec. (b) of section 2 of the Commodity Exchange Act is classified to section 3 of this title.

Section Referred to in Other Sections

This section is referred to in sections 7a, 18, 21, 25 of this title.